Somewhat Positive News Coverage Somewhat Unlikely to Affect Caesars Acquisition (CACQ) Stock Price
News articles about Caesars Acquisition (NASDAQ:CACQ) have trended somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Caesars Acquisition earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.4501955379565 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Caesars Acquisition (CACQ) opened at 21.25 on Tuesday. Caesars Acquisition has a 52-week low of $10.00 and a 52-week high of $22.05. The stock has a 50 day moving average of $19.49 and a 200 day moving average of $18.40. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 4.91 and a beta of 0.64.
Separately, BidaskClub lowered shares of Caesars Acquisition from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th.
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About Caesars Acquisition
Caesars Acquisition Company (CAC) owns voting membership units of Caesars Growth Partners, LLC (CGP LLC), a joint venture between CAC and subsidiaries of Caesars Entertainment Corporation (CEC or Caesars Entertainment). CAC serves as CGP LLC’s managing member and sole holder of its outstanding voting units.
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